ATN International reported second-quarter revenue rose 2% year over year to $184.5 million, while adjusted EBITDA increased nearly 9% to $49.7 million and margins expanded to 27%. The company recorded net income of $167 million, or $10.71 per diluted share, driven by a $230 million gain from the initial closing of its U.S. tower portfolio sale, which generated $268 million in cash proceeds and reduced net leverage to 0.91 times. ATN reaffirmed its full-year 2026 adjusted EBITDA outlook of $183 million to $193 million, raised its quarterly dividend 5.5% to $0.29 per share, and expanded its share-repurchase authorization to $30 million. International segment revenue grew 1.4% to $96 million with adjusted EBITDA margin expanding 180 basis points to 36.9%, while U.S. segment revenue increased slightly more than 2% to $88 million. The company expects additional tower-sale closings over the next 10 months with potential for up to $30 million in further proceeds.
ATN International IncTower sale gain drives net income, reduces leverage, and supports dividend increase and buyback authorization.
